An elastic demand is one in which the elasticity is greater than:

A store remains open from 8 a.m. to 4

A) is the benefit the owner receives from staying open from 8 a.m. to 5 pm. B) depends on the revenues the owner makes during the day. C) must be greater than or equal to the owner's marginal cost if the owner decides to stay open. D) is the benefit the owner receives from staying open from 8 a.m. to 6 pm.

Countries with higher rates of saving

A) experience lower growth rates in the future. B) have a large population. C) have a greater number of poor people. D) have higher rates of growth.